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Brazil's largest private-sector bank, providing retail banking, credit cards, insurance and asset management.
Brazil's largest private-sector bank, providing retail banking, credit cards, insurance and asset management.
Earns the spread on loans and credit cards, plus insurance and asset-management fees. It is controlled jointly by Itausa, linked to the Setubal family, and the Moreira Salles family's holding company, and these preferred shares carry no vote.
Moat: narrow (scale, brand, distribution). Largest private-sector bank in Latin America by assets, with an extensive branch and digital distribution network.
Headquarters: Sao Paulo, Brazil · Founded: 1943 · Employees: 92,470
Size Itau Unibanco Holding S.A. Sponsored ADR Pfd (ITUB) is a United States Financials company (Major Banks) with a market value of $84.9B, the 161st largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.39 on 6 Nov 2026.
Performance Over six months the shares fell 11.7%, against +7.5% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 8.3% over the last twelve months (peer median -1.1%); the operating margin is 27.3% (peer median 36.8%).
Valuation It trades at 1.84× book value against a peer median of 1.57× (5th most expensive of 21).
Price implies The share price implies a return on equity of about 11.8%; Itau Unibanco Holding S.A. Sponsored ADR Pfd delivers 21.7%, so the price asks less than the business earns today.
Credit Itau Unibanco Holding S.A. Sponsored ADR Pfd has 1 bond outstanding ($1.00B), rated Ba2 by the agencies and trading like BBB- at a weighted spread of 120 bp.
Short interest Short interest is 0.6% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $80.1B | $77.3B | $62.9B | $69.0B | $53.7B |
| Revenue growth | — | +23% | -9% | +28% | — |
| Net income | $9.17B | $8.03B | $7.62B | $6.63B | $5.66B |
| Free cash flow | $26.0B | $23.4B | $19.0B | $22.6B | $45.7B |
| Capital expenditure | $1.87B | $1.27B | $1.37B | $1.84B | $1.64B |
| Total debt | $208B | $184B | $148B | $169B | $138B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% |
| Credicorp BAP | $27.6B | +5% | +24% | 21% | 2.47× | 17.9% |
| Banco Santander S.A. Sponsored ADR SAN | $170B | -4% | +21% | 13% | 1.35× | 10.8% |
| Nu Holdings Ltd. Class A NU | $58.1B | -13% | +54% | 32% | 4.39× | 32.4% |
| XP Inc. Class A XP | $7.83B | -21% | +17% | 23% | 1.60× | 15.6% |
| Inter & INTR | $1.70B | -40% | +51% | 16% | 0.84× | 8.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ITUB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.8% | +1.6% | lowest of 21 |
| 6-month return | -11.7% | +7.5% | lowest of 21 |
| Return on equity | 21.7% | 12.2% | highest of 21 |
| Price / book | 1.84× | 1.57× | 5th most expensive of 21 |
| Trailing P/E | 9.3× | 12.0× | 5th cheapest of 21 |
| ROE the price implies | 11.8% | 14.5% | 7th least demanding of 21 |
| ROE delivered | 21.7% | 12.5% | highest of 20 |
| Bond spread | 120 bp | 75 bp | 2nd widest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Itau Unibanco Holding S.A. Sponsored ADR Pfd ITUB | United States | $84.9B | -12% | +8% | 22% | 1.84× | 11.8% | 21.7% |
| ANZ ANZ.AX | Australia | $84.2B | +17% | -5% | 8% | 1.71× | 14.4% | 8.3% |
| National Australia Bank NAB.AX | Australia | $86.2B | +9% | -8% | 10% | 2.02× | 20.2% | 10.0% |
| Westpac Banking WBC.AX | Australia | $87.6B | +4% | +2% | 9% | 1.78× | 16.4% | 9.5% |
| PNC Financial Services PNC | United States | $89.4B | +4% | +8% | 13% | 1.59× | 13.2% | 12.9% |
| ING Groep INGA.AS | Netherlands | $89.8B | +11% | +7% | 14% | 1.63× | 12.5% | 13.6% |
| U.S. Bancorp USB | United States | $92.6B | +8% | +1% | 13% | 1.55× | 13.9% | 12.8% |
| Oversea-Chinese Banking O39.SI | Singapore | $97.6B | +23% | -3% | 13% | 2.02× | 14.9% | 13.2% |
| Lloyds Banking LLOY.L | United Kingdom | $73.7B | +2% | -2% | 14% | 1.37× | 17.2% | 14.3% |
| China CITIC Bank 0998.HK | Hong Kong | $73.0B | 0% | -1% | 9% | 0.45× | 4.5% | 8.6% |
| Bank of Communications 601328.SS | China | $106B | +22% | -5% | 8% | 0.62× | 2.4% | n/a |
| Boc Hong Kong 2388.HK | Hong Kong | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% | 11.8% |
| Mizuho Financial 8411.T | Japan | $110B | +7% | +6% | 13% | 1.52× | 11.5% | 12.5% |
| Bank of Nova Scotia BNS.TO | Canada | $114B | +21% | -3% | 12% | 1.99× | 16.3% | 11.6% |
| BNP Paribas BNP.PA | France | $114B | 0% | +8% | 11% | 0.84× | 10.4% | 10.9% |
| NatWest NWG.L | United Kingdom | $62.3B | +4% | +3% | 16% | 1.21× | 15.8% | 15.9% |
| Nordea Bank Abp NDA-FI.HE | Finland | $62.3B | +6% | +3% | 15% | 1.77× | 14.6% | 14.9% |
| Standard Chartered STAN.L | United Kingdom | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% | 12.8% |
| Bank of Montreal BMO.TO | Canada | $120B | +16% | -2% | 11% | 2.14× | 16.4% | 10.6% |
| Intesa Sanpaolo ISP.MI | Italy | $120B | +6% | -6% | 16% | 1.81× | 20.7% | 16.4% |
| Capital One COF | United States | $121B | +7% | +26% | 9% | 1.11× | 11.1% | 9.3% |
Itau Unibanco Holding S.A. Sponsored ADR Pfd has 1 bond outstanding with $1.00B face value. The agencies rate it Ba2; its bonds trade like BBB-. Weighted yield 5.79%, a spread of 120 bp over government bonds.